Major cryptocurrencies suffered double-digit declines as volatility extended into the weekend.
At Consensus 2021, investors pondered whether the sell-offs signal the end of this bull cycle.
They also shared how bitcoin can live up to Hal Finney s historic $10 million price prediction.
It was the kind of volatility that keeps investors eyes glued to the screen.
As last week s wild fluctuations extended into the weekend, none of the major cryptocurrencies was spared from double-digit declines. Bitcoin and ether tumbled as low as $31,384 and $1,758 on Sunday before rebounding to around $39,000 and $2,600, respectively, as of 4:30 p.m. ET on Monday.
The most recent pullback was said to have stemmed from an official statement summarizing Chinese vice-premier Liu He s comments at a state council meeting on May 21. The meeting, which was focused on preventing financial risks, mentioned specifically the need to combat mining and trading of bitcoin, according to the Chinese govern
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Coinbase is expected to report earnings for the first time since its direct listing in mid-April.
Ark analyst Yassine Elmandjra shares how the stock could scale to the $2.5 trillion crypto market.
New Constructs CEO David Trainer breaks down why the stock could actually fall below $100 or less.
All eyes are on Coinbase as the largest US crypto exchange is expected to report its first earnings report as a public company after the market closes on Thursday.
At its hotly anticipated public debut on April 14, shares of Coinbase, which opened at $381, hit an intraday high of $429.54 before ending the day at $328.28, giving it a market cap of about $86 billion.
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Changpeng Zhao is the founder of Binance, the world s largest crypto exchange by trading volume.
In an interview, Zhao recounts how he built Binance in 180 days and continues to grow its divisions.
He also breaks down why he s keeping most of his personal assets in Bitcoin and Binance Coin.
To Changpeng Zhao, home has always been less about a physical address and more of an inner world that transcends geographical boundaries.
Growing up in China, Zhao had a somewhat nomadic upbringing as he followed his educator parents who moved in between cities every few years. When he was 12, the family immigrated to Canada where he stayed for another decade before moving to Tokyo, New York, and then Shanghai for work.
The boom in cryptocurrencies is creating enormous opportunities for tech and finance companies.
Wedbush Securities shares 5 stocks of companies that are attracting this new market opportunity.
It also highlights an altcoin that could double its valuation over the next 12 to 18 months.
Back in 2013, Wedbush Securities was the first Wall Street brokerage to issue a research report about bitcoin and its underlying blockchain technology.
The company said the digital token could rise to as much as $98,500 from around $1,200 back then and described it as a potentially game-changing disruption to the payments companies under its coverage. In 2014, it also became the first US financial institution to accept payments in bitcoin.